Brazil Petrobras mulls JV with GS Energy for Ceara refinery

10 June 2013 23:15[Source: ICIS news]

HOUSTON (ICIS)--Brazil state energy producer Petrobras may create a joint venture with South Korea based-GS Energy to develop the Premium II refinery in the northeastern state of Ceara, the company said on Monday.

The two companies had signed a letter of intent on 29 May, Petrobras said.

The Premium II refinery is expected to start operations by the beginning of 2018. It will have a capacity of 300,000 bbl/day.

Premium II is among several refineries that Petrobras plans to build.

Premium I would be built in two stages in the state of Maranhao, Petrobras said. Each stage would have a processing capacity of 300,000 bbl/day.